business
Lenskart stock listing: Despite bumper IPO, shares stumble on D-Street – was it hype or bad timing? Top facts investors should know
Lenskart’s stock market debut fell short of expectations. The eyewear platform opened lower than its issue price. Investors showed caution due to high valuation and questions about profit quality. A shift in market mood also impacted the listing. Lenskart’s future performance hinges on demonstrating sustainable profitability.
Easing US-China trade tensions a red flag for India? Electronics sector warns; cost edge may shrink by ‘10 percentage points’
Easing US-China trade tensions following the Busan meeting have raised concerns for India’s electronics sector. A reduction in US tariffs on Chinese goods has significantly narrowed India’s cost advantage, potentially impacting its export competitiveness and investment attractiveness. Industry leaders warn this could affect production momentum under the PLI scheme.
Gold price in your city: How much 22K and 24K gold costs today — Check rates for Delhi, Mumbai and more
Gold prices surged on Monday, reaching Rs 1,23,100 per 10 grams in domestic futures trade, marking its fourth consecutive session of gains. This upward trend was fueled by robust global sentiment and a declining US dollar. International gold futures also saw a significant increase, hitting a two-week high.
US brand Jimmy John’s in India soon? Haldiram in talks with Inspire Brands; aims to compete with Subway, Tim Hortons
Indian food giant Haldiram Group is reportedly in talks with US-based Inspire Brands for an exclusive franchise deal to launch Jimmy John’s sandwich chain in India. This move aims to tap into the growing demand for western-style quick-service restaurants and compete with global players like Subway. The expansion would be separate from Haldiram’s existing ethnic…
Gold rate today: Gold rises Rs 1,200 to hit Rs 1,22,290 per 10 grams – what should investors do?
Gold and silver prices surged on Monday, driven by heightened safe-haven demand following disappointing US consumer sentiment and employment data. Global spot gold and US gold futures also saw increases. Analysts anticipate continued volatility due to economic uncertainties and potential Federal Reserve rate cuts.
Stocks to buy: What’s the outlook for Nifty for the week starting November 10? Check list of top stock recommendations
SBI Securities’ Sudeep Shah highlights M&M and UPL as top stock picks. Nifty shows a strong breakout, retesting support near 25,300, with resistance at 25,650. Bank Nifty leads, displaying robust relative strength and bullish momentum, targeting 59,000. M&M and UPL exhibit positive technicals, suggesting further upside potential.